Germany will double subsidies for electric cars

Germany plans to double subsidies for electric vehicle buyers over five years, starting in 2020. This is stated in a government document, the contents of which became known to Reuters. Subsidies should accelerate the transition to environmentally friendly vehicles.

The document proposes to increase subsidies for hybrids from 3,000 to 4,500 euros, and in the case of electric vehicles worth more than 40,000 euros, their size will increase to 5,000 euros.

The government wants 10 million electric vehicles on the roads by 2030 – this is part of a program designed to change the perception of the German auto industry as lagging behind the US and China in the electrification process.

The attention that the state pays to this topic is indicated by the fact that Chancellor Angela Merkel made a speech at the Volkswagen factory in Zwickau, where the serial production of an ID.3 electric vehicle with a cost of about 30,000 euros begins.

“Now we can say that Zwickau is the pillar of today’s German automobile industry and its future,” said Ms Merkel. “Our task as politicians is to create the foundation upon which technological innovation can rely.”

According to the chancellor, by 2035 the government will invest 3.5 billion euros in construction

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